Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Paramount Gold Nevada Corp. amended convertible notes with certain Holders of the Convertible Notes constituting the Required Holders at (i) 7.5% per annum, to an including September 30, 2023, and (ii) 12.0% per annum maturing the earlier of (i) September 30, 2024 or (ii) the date of funding of the transaction contemplated by that certain non-binding term sheet by and between the Comp.
- Instrument
- convertible notes
- Counterparty
- certain Holders of the Convertible Notes constituting the Required Holders
- Rate
- (i) 7.5% per annum, to an including September 30, 2023, and (ii) 12.0% per annum
- Maturity
- the earlier of (i) September 30, 2024 or (ii) the date of funding of the transaction contemplated by that certain non-binding term sheet by and between the Comp
- Event
- amendment
Exact text from the filing
The Amendment modifies the definition of “Maturity Date” of the Convertible Notes to be the earlier of (i) September 30, 2024 or (ii) the date of funding of the transaction contemplated by that certain non-binding term sheet by and between the Company and Sprott Resource and Streaming Royalty Corp. The Amendment also modifies the definition of “Interest Rate” of the Convertible Notes to be (i) 7.5% per annum, to an including September 30, 2023, and (ii) 12.0% per annum, on and after October 1, 2023.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Paramount Gold Nevada Corp. amended Amendment No. 1 with certain Holders of the Convertible Notes constituting the Required Holders (effective 2023-09-12).
- Action
- amendment
- Agreement
- notes offering
- Counterparty
- certain Holders of the Convertible Notes constituting the Required Holders
- Effective
- 2023-09-12
Exact text from the filing
Effective as of September 12, Paramount Gold Nevada Corp. (“Paramount”, “we”, or the “Company”) entered into Amendment No. 1 (the “Amendment”) to its outstanding Senior Secured Convertible Notes (the ”Convertible Notes”), with certain Holders of the Convertible Notes constituting the Required Holders (as defined in the Notes) .
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